Sep302013

The Case-Shiller home price index rose 0.6% in July, up 12.4% from a year ago. Durable orders increased 0.1% in August. New home sales rose 7.9% in August to an annual rate of 421,000. GDP growth for the 2nd quarter of 2013 was 2.5%, according to the third estimate. Personal income rose 0.4% in August as personal spending increased 0.3%. Pending home sales fell 1.6% in August. Initial jobless claims fell 5,000 to 305,000 for the week ended 9/21.

• The Case-Shiller home price index rose 0.6% in July, up 12.4% from a year ago. The Washington D.C. area index is up 1.4% in July, up 6.0% from a year ago.